Management

(@jimcashel)

Management

Balancing Innovation and Execution

How does an organization balance the need to innovate with the need to execute on current projects? Eric Schmidt at Google imposes the 70 / 20 / 10 rule for percentage of company resources spent on core business / new businesses / speculative efforts. Wikipedia:http://en.wikipedia.org/wiki/70/20/10_Model

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(@jimcashel)

Management

Reverse Vendor Auctions

Boeing posts requests for proposals online along with a fair price, and pre-qualified vendors can post proposals and prices, all in public, bidding down the price lower and lower. As described in "The World is Flat" by Thomas Friedman.

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